Banking configurations

Banking configurations are settings specific to banking products like savings and checking accounts. When creating your banking products, you might also need to use platform-wide configurations, which apply to all product types.

Banking configurations include:

• Deposit products—Deposit products are interest-bearing accounts where you can apply interest, fees, taxes, and so on. In Control Center, you can only attach debit accounts.
• Interest plans—Interest plans are configurations that defines how interest is calculated and applied to a specific product or account. This can include the interest rate, the compounding period (for example, daily, monthly, or quarterly), tax implications, and more.